Indiabulls - No questions. Only loans

this ad gives me the creeps. it says no questions only loans. take your cheque on the same day. loans available for everyone , from any Company (public/private) or any government.

i know very little how the financial world works but once had the opportunity to interact with someone who knows a lot about the sector. he was developing a decision support system (a software), which would help companies assess the risk profile of the loan candidates. he was at pain to explain that the product produced far better results than the existing manual or semi automated systems in market. for example, one of the desicion rules he had implement was never to provide a loan to a govt employee, unless sanction by someone very high in the organisation. he logic was if a govt employee needs a loan , he has exhausted all low interest options and is usually neck deep in debt before he moves to the private sector - so, this segment should be ideally avoided. somwhow, it seemed very logical to me and perhaps Indiabulls could buy this software!

i think the reckless loans doled out to individuals will lead to a remake of the SME default scenario will played out post 1995 and sent many financial players deep into the red.